37 Mill Creek Road, East Stroudsburg, PA 18301
$795,000
Property Type:
Commercial Sale
Square Footage:
7,908
Lot Size (sq. ft.):
64,904
Status:
Pending
Current Price:
$795,000
List Date:
3/01/2026
Last Modified:
3/12/2026
Description
Discover an exceptional investment opportunity at 37 Mill Creek Road, a premier multi-tenant office building strategically located in the heart of East Stroudsburg. Boasting a robust Cap Rate 7.29%, this property is a turnkey powerhouse for savvy investors seeking immediate cash flow and long-term stability in the Pocono region. The building features approximately 7,908 square feet of versatile, professional space across three floors and a separate garage, currently configured to accommodate a diverse range of tenants with private office suites, and an existing daycare occupying 2 floors. Efficiency and modernity are at the core of this asset, which is serviced by a cost-effective geothermal heating and cooling system, significantly reducing overhead and appeal to environmentally conscious investors. A new roof was installed on the main building in November 2025. All rents include annual increases. The property is served by 3 phase electric and is zoned M1 Industrial. There is a Certificate of Non-conforming Use dating back to the 1988 construction permitting general office/commercial uses. This non-conforming was confirmed in 2006 and a new certificate was issued 2026. Documentation provided upon request. The property sits on a total of 4 lots. The main building and garage sit on one lot. The rear parking lot is on a separate lot. The geo-thermal ground loop sits on two lots across the street. The property is served by public water and a private septic system. The 4 parcels included in the sale are 17730219610425, 17730219611314, 17730219519199, 17730219610163
***Income and expense numbers include both CapEx Reserves and and a Vacancy Factor of 3% each. Income after incurred expenses is $64,116.95 annually.
More Information MLS# PM-139153
Contract Information
Listing Service: Full Service
Property Sub Type: Business
List Price: $795,000
Current Price: $795,000
Status: Pending
Listing Contract Date: 2026-02-20
Location, Tax, and Legal
Parcel Number: 17.3A.2.2
Municipality: Stroud Township
County Tax Amount: 2384.16
Municipal Tax Amount: 1123.02
School Tax Amount: 11924.5
Tax Other Annual Assessment Amount: 80.92
Tax Annual Amount: 15512.6
Tax Assessed Value: 435280
Tax Year: 2025
Tax Map Number: 17730219610425
Tax Lot: 17
Tax Book Number: 2607
Tax Page Number: 2266
Deed Recording Date: 2022-04-19
Tax Legal Description: Lot 17
Zoning Description: Commercial
General Property Information
Above Grade Finished Area: 7908
Building Area Source: Public Records
Stories: 3
Year Built Source: Public Records
Garage YN: Yes
Attached Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Open Parking YN: No
Lot Size Acres: 1.49
Water Body Access YN: No
Sign On Property YN: Yes
List Price/SqFt: 100.53
Building Area Total: 7908
Year Built: 1962
Remarks and Miscellaneous
Public Remarks: Discover an exceptional investment opportunity at 37 Mill Creek Road, a premier multi-tenant office building strategically located in the heart of East Stroudsburg. Boasting a robust Cap Rate 7.29%, this property is a turnkey powerhouse for savvy investors seeking immediate cash flow and long-term stability in the Pocono region. The building features approximately 7,908 square feet of versatile, professional space across three floors and a separate garage, currently configured to accommodate a diverse range of tenants with private office suites, and an existing daycare occupying 2 floors. Efficiency and modernity are at the core of this asset, which is serviced by a cost-effective geothermal heating and cooling system, significantly reducing overhead and appeal to environmentally conscious investors. A new roof was installed on the main building in November 2025. All rents include annual increases. The property is served by 3 phase electric and is zoned M1 Industrial. There is a Certificate of Non-conforming Use dating back to the 1988 construction permitting general office/commercial uses. This non-conforming was confirmed in 2006 and a new certificate was issued 2026. Documentation provided upon request. The property sits on a total of 4 lots. The main building and garage sit on one lot. The rear parking lot is on a separate lot. The geo-thermal ground loop sits on two lots across the street. The property is served by public water and a private septic system. The 4 parcels included in the sale are 17730219610425, 17730219611314, 17730219519199, 17730219610163
***Income and expense numbers include both CapEx Reserves and and a Vacancy Factor of 3% each. Income after incurred expenses is $64,116.95 annually.
Unit Details
Number Of Units Leased: 10
Income and Expenses
Gross Income: 103073.16
Net Operating Income: 57932.56
Annual Total Expense: 38956.21
Cap Rate: 7.29
Vacancy Allowance Rate: 3
Other Expense: 3
Income Includes
Rent Only: 1
Operating Expense Includes
Vacancy Allowance: 1
Insurance: 1
Manager: 1
Utilities: 1
Maintenance: 1
Snow Removal: 1
Other: 1
Financial Data Source
Owner: 1
Oil, Gas and Mineral Rights
Property Subject To Lease: Yes
Possession
Close Of Escrow: 1
Electric
3 Phase: 1
Cooling
Geothermal: 1
Heating
Geothermal: 1
Security Features
Closed Circuit Camera(s): 1
Fire Alarm: 1
Water Source
Public: 1
Sewer
On Site Septic: 1
Location Tax and Legal
County: Monroe
Street Number: 37
Street Name: Mill Creek
Street Suffix: Road
City (Post Office): East Stroudsburg
State: PA
Postal Code: 18301
Subdivision Name: None
Status Change Information
Purchase Contract Date: 2026-03-11
Property Features
Income Includes: Rent Only
Operating Expense Includes: Vacancy Allowance; Insurance; Manager; Utilities; Maintenance; Snow Removal; Other
Financial Data Source: Owner
Possession: Close Of Escrow
Electric: 3 Phase
Cooling: Geothermal
Heating: Geothermal
Security Features: Closed Circuit Camera(s); Fire Alarm
Water Source: Public
Sewer: On Site Septic
Listing Office:
S7, LLC
Last Updated: March - 12 - 2026
Information deemed reliable but not guaranteed.